Wednesday’s trading session witnessed a remarkable ascent as Grupo Aeroportuario del Pacifico, S.A.B de C.V. (Symbol: PAC) triumphed above its 200-day moving average, soaring to $162.58 per share from the pivotal level of $161.48. The daily surge culminated in a 1.5% rise in Grupo Aeroportuario del Pacifico’s stock value. A visual representation of PAC’s performance over the past year in comparison to its 200-day moving average is depicted in the chart below:

Embedding deeper into this bullish narrative, PAC has navigated a striking 52-week range, with its share value oscillating between the nadir of $107.25 and the pinnacle of $198.28. Impressively, the most recent trade settled at $160.76, underscoring the relentless upward trajectory.

Click here to find out which 9 other stocks recently crossed above their 200 day moving average »

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The perspectives shared in this piece reflect the author’s viewpoint and not necessarily those of Nasdaq, Inc.